Daily Market News

100 hour MA and trend line failed break, giving buyers the courage to push higher
The USDJPY has cracked above the 200 hour MA and 50% retracement of the move down from the August 1 high. That break has helped to push the price to the highest level since last Wednesday and toward the 61.8% retracement

Upside quickly rejected today
The GBPUSD tried to go higher. But after the employment numbers in the London session, gave up and fell back lower.
The move higher did take the price above a topside trend line and the 100 hour MA (blue line in the chart above), but stalled ahead of Friday's high and swing low

High for the day stalls at the high from yesterday...
The EURUSD just made a new day low, but only extended the range for the day by 0.5 of a pip. Yikes. Not much momentum on that break - at least for the time being. A broken trend line comes in at 1.1369. The low from

EUR/CHF continues slump
EUR/CHF is down 57 pips to 1.1275 today in the fifth day of declines. The pair is now trading at the lowest since August 2017.
The August 2017 low as 1.1259 and that's a key level to watch in the day ahead.

AUD/USD hovers near the lows as the aussie continues to struggle
ForexLive
This despite the improved sentiment in the market as risk-off tones are easing slightly. AUD/USD currently trades at 0.7259 hovering near the lows for the day of 0.7253 and sits nearby barrier options at the 0.7250 level. Option-related bids aside, the aussie just can't catch

EUR/USD falls to a low of 1.1387 on the day
ForexLive
The drop is also exacerbated by the decline in sterling following the release of the UK jobs report earlier. For all the shine that the lowest unemployment rate since 1975 may provide, it is not enough to lift wages still and that has seen cable fall

GBP/USD climbs to session highs as risk-off tones continue to ease
ForexLive
Buyers have managed to navigate through resistance around the 1.2792 level and now the figure level is eyed. Offers there are what is helping keep the pair from shooting higher for the time being but buyers are clearly eyeing a move towards the 100-hour MA

Highs touch 1.1428 and tests the near-term Fib retracement level
ForexLive
The pair ran into the 23.6 retracement level @ 1.1427 in US trading overnight and failed to sustain a break higher, and we're testing the same level once again now.